Time (TIME) has an average broker rating of 2, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Time (TIME) : The most positive equity analysts on Time (TIME) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $17.33 with an expected fluctuation of $2.52 from the mean.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Time (NYSE:TIME). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup lowers the price target from $19 per share to $18 per share. The rating by the firm was issued on August 10, 2016.
Time (NYSE:TIME): After opening at $14.5, the stock dipped to an intraday low of $14.37 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.705 and the buying power remained strong till the end. The stock closed at $14.68 for the day, a gain of 1.45% for the day session. The total traded volume was 779,314. The stocks close on the previous trading day was $14.47.
Time Inc. is a media company. The Companys brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as approximately 50 titles in the United Kingdom, such as Decanter and Horse & Hound. The Company is engaged in celebrated events and franchises, including the Fortune 500, Time 100, Peoples Sexiest Man Alive, Sports Illustrateds Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. It also provides content marketing, targeted local print and digital advertising programs, book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for the Company and third-party customers, including other magazine publishers.